Fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in cost,quality,service,and speed is known as ____.

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The term used to describe a fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in cost, quality, service, and speed is reengineering. Downsizing refers to reducing the size of a company's workforce, rightsizing means adjusting the size of a company to meet its needs, and outsourcing is the practice of hiring another company to perform business functions that could be done in-house. None of these terms accurately describe the process of reengineering.

Fundamental Rethinking and Radical Redesign of Business Processes to Achieve